Marxism this book argues, is still the most effective way of understanding capitalism. Ellen Meiksins Wood reformulates the Marxist theory of history while exploring the historical particularity of capitalism as a system of social relations. Then, tracing democracy from antiquity to the present, she...

Marxism this book argues, is still the most effective way of understanding capitalism. Ellen Meiksins Wood reformulates the Marxist theory of history while exploring the historical particularity of capitalism as a system of social relations. Then, tracing democracy from antiquity to the present, she examines its ambiguous relationship with capitalism.